Japanese Prime Minister Shinzo Abe said to he would continue to advocate for free trade, and officials said they hadnât given up on the Trans-Pacific Partnership despite President Trumpâs decision to withdraw from the deal. A government spokesman said it was âmeaninglessâ to have the TPP without the U.S., and Tokyo wasnât considering revising it while excluding Washington.
Apple was hit by a wave of bearish analyst notes this week ahead of its quarterly earnings, as analysts warned investors that iPhone sales will be lackluster through this calendar year. The stock was downgraded to equal weight from overweight at Barclaysand its 12-month price target was reduced to $117 from $119. Analyst Mark Moskowitz said he doesnât see any major drivers over the next 12 months.
The Congressional Budget Office estimates that the federal government would run a budget deficit of $559 billion in fiscal 2017, 35 billion less than earlier projected. In its latest budget and economic outlook, the CBO said the new estimate was due to its expectation that mandatory spending would be lower than anticipated.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
